Analysis for February 18th, 2016
EUR USD, “Euro vs US Dollar”
Being under pressure, Eurodollar is falling towards 1.1000. Possibly, the price may reach this target after testing 1.1250. After the price reaches its downside target, it may start a new correction to return to 1.1250.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is consolidating. We think, today the price may grow towards reach 1.4700. An alternative scenario implies that the pair may continue falling inside the downtrend to reach 1.3850.
USD CHF, “US Dollar vs Swiss Franc”
Franc has expanded its consolidation channel and reached its predicted local target. We think, today the price may fall towards 0.9820 and then grow to reach 0.9985. Later, in our opinion, the market may start another correction towards 0.9820.
USD JPY, “US Dollar vs Japanese Yen”
Yen is moving inside a consolidation channel. If the channel is broken upwards, the price may reach 115.00; if downwards - the market may return to 113.20 and then grow towards 115.50.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still consolidating and may both reach a new high and continue falling inside the downtrend. The main scenario implies the latter one.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble is falling to break 75. The pair is expected to form a short downside continuation pattern. The local target is at 69.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating. In fact, the price has formed the triangle
pattern; which may be considered as a downside continuation pattern. The target is at 1173.
RoboForex Analytical Department